Skip to main content

Nuclear Energy Industry Transitions

Image
By Janice
Alex Marion will fill the newly created role of executive director of nuclear operations and engineering at NEI, effective June 1. He currently serves as senior director of engineering and has been with the Institute since its formation in 1994.

David Frank has joined Entergy as its vice president for supply chain management and chief procurement officer. Most recently, Frank directed Exelon Corp.’s strategic supply chain management operations.

Donald Schneider has been named vice president of energy delivery for FirstEnergy Corp., effective June 1. He has been with the company since 1982, most recently as vice president of commodity operations. Ali Jamshidi, current vice president of the energy delivery group, will replace him in that role. He also joined the company in 1982.

Obituary
Oren Benton, 72, died May 19 of colon cancer. He headed NUEXCO Trading Corp., which was the largest uranium trading operation in the world until its 1995 bankruptcy. Benton also was a former part-owner of the Colorado Rockies baseball team. He spent 20 years with the accounting firm Arthur Andersen before entering the uranium industry. Benton had served in the U.S. Army.

Technorati tags: , , , , , ,

Comments

Anonymous said…
I worked for Oren in the 1990s, assisting with his ventures in Russia and Ukraine, up until CONCORD/NUEXCO went bankrupt. He was a wonderful man with a big heart who, despite his perhaps somewhat unorthodox business practices, truly cared about the people with whom he worked in Russia and desired to help them in the difficult transition after the collapse of the USSR. He undertook a number of philanthropic endeavors aimed at helping youth and adults in Russia. May his soul rest in peace.
July 25, 2006 at 10:20 AM
Post a Comment

Popular posts from this blog

Wednesday Update

By
From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...
Post a Comment
Read more

Fluor Invests in NuScale

By
You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...
1 comment
Read more

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

By
Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...
Post a Comment
Read more